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Hascol to acquire Marshal Gas's LPG plant.

KARACHI -- The board of directors of Hascol Petroleum Ltd authorised the company to acquire the liquefied petroleum gas plant/business from Marshal Gas Ltd (an associated company) at a consideration of Rs175 million.

The company informed the PSX on Monday that the acquisition would comprise immovable properties and various assets, along with the rights to the licences issued by Oil and Gas Regulatory Authority and other competent authorities.

The deal is subject to the terms and conditions of an asset purchase agreement to be finalised by the company and any regulatory approvals required.

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Publication:Dawn (Karachi, Pakistan)
Date:Jul 24, 2018
Words:123
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